ICICI Bank has announced the launch of I-Express, an instant cross-border money transfer option for non-resident Indians (NRIs). The service would be available through the ICICI Bank's select partners in the Gulf countries.
I-Express facility offers the remitter -- the option of visiting any partner outlet for instant credit into the beneficiary account maintained with ICICI Bank in
Under this service, the funds would be instantly remitted and the beneficiary could withdraw the money immediately.
The facility will benefit recipients who have accounts with ICICI Bank in India
With funds being accessible through the network of over 2,500 branches and 5,600 ATMs, apart from the over 55,000 Visa-enabled ATMs, the facility significantly enhances the value-proposition of ICICI Bank's cross-border remittance offerings to both the partners and NRIs in the Gulf Cooperation Council (GCC).
ICICI Bank has been a leading remittance player in the Indian remittance market, enabling remittances from across 40 countries worldwide.
The bank has relationships with over 80 correspondent banks and 23 exchange houses across GCC.
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